Ethereum Classic Surges with 15 Percent Daily Gain

Ethereum Classic (ETC) has recorded a remarkable price increase within 24 hours. The price climbed from approximately $8.31 to $9.75, with an intraday high of $9.79 reached during the period ^[1].

The price increase appears less news-driven and more technically motivated. After breaking through the $8.70 mark, a dynamic upward movement developed with rising highs and lows. The EMA-20 in the four-hour chart was clearly exceeded and now serves as initial support at approximately $8.70 ^[1].

On the upside, the psychologically important $10 mark represents the next hurdle. With a stable breakthrough, the movement could extend to $11.00. The Relative Strength Index stands at around 66 points and does not yet signal extreme overheating ^[1].

However, the extended Bollinger Bands with a range of $1.39 indicate increased volatility. Should the price fall below the support zone of $8.30, a pullback toward $7.50 could threaten ^[1].